Block Bets Against St. Jude Despite Abbott Deal

The video discusses a trading strategy involving Saint Jude and Abbott, highlighting the market's expectations and potential risks. It emphasizes the importance of cybersecurity in mergers and acquisitions, noting that it is often overlooked in due diligence. The discussion also covers the underpricing of risk in the global market, particularly due to technological advancements. The video concludes by stressing the need for society to take cybersecurity more seriously, given its potential impact on critical areas like elections.

What is the trading strategy involving Saint Jude and Abbott?

• Long both Saint Jude and Abbott

• Short both Saint Jude and Abbott

• Long Saint Jude, short Abbott

• Short Saint Jude, long Abbott

What is the market's expectation regarding the Saint Jude and Abbott deal?

• It has a low probability of completion

• It is expected to complete with over 90% probability

• It is expected to be canceled

• It is expected to be delayed indefinitely

Why might cybersecurity not be part of the standard due diligence process?

• It is already covered by other assessments

• It is too expensive to evaluate

• It is considered too esoteric

• It is not relevant to M&A transactions

What is a potential consequence of not addressing cybersecurity risks in M&A?

• Increased stock prices

• Decreased regulatory scrutiny

• Improved company reputation

• Mispricing of risk

What broader issue does the speaker highlight regarding cybersecurity?

• It needs to be taken more seriously by society

• It is irrelevant to modern business practices

• It is adequately addressed in current policies

• It is only a concern for small companies